Watching Daily Resistance Level
Price is now moving higher on this pair looking to test the major daily chart resistance.
Whilst we have been getting a lot of breakout movements in recent sessions, I will be watching for this level to hold and for potential short trades back lower.
If we can see some solid bearish price action either on the daily or smaller intraday time frames, then we could begin looking for short trades and for price to move into a range pattern.
Whilst we have been getting a lot of breakout movements in recent sessions, I will be watching for this level to hold and for potential short trades back lower.
If we can see some solid bearish price action either on the daily or smaller intraday time frames, then we could begin looking for short trades and for price to move into a range pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.